Diversity is the new black for lithium. Pic via Getty Images.
Eye on Lithium: Gold king Bill Beament diversifies, Argentina goes downstream, and Charger’s on the move
Mining
share
All your lithium news, Monday, July 3.
The big news for lithium today is Bill Beament’s Develop Global’s (ASX:DVP) diversification into lithium assets with its purchase of Essential Metals (ASX:ESS) and its Pioneer Dome project near Norseman, WA for $152.6m.
The lithium project is one of the few undeveloped JORC defined lithium resources in WA, containing 11.2Mt @ 1.16% Li2O. Nowadays anything >1% is considered project worthy at current lithium prices – which are floating up around the US$42,546/t mark (LCE).
ESS was recently a takeover target by Independence Group (ASX:IGO), however Chris Ellison’s Mineral Resources (ASX:MIN) blocked the move by taking a 20% stake in the junior before the deal could be struck.
Want to read more?: Stockhead’s Josh Chiat has a more in depth analysis of the whole development.
Moving to South America, where Argentina will start up its first lithium battery production plant in September.
“We will start to produce the first lithium-ion battery cells in the country,” Y-TEC president Roberto Salvarezza said in a government statement, noting that the batteries will use lithium carbonate extracted by Livent at its Fenix processing plant in the countries’ north.
It’s good news for explorers and developers in the emerging lithium powerhouse who aim to find offtake partners to aid their projects.
“The development of the supply around mining activity is a priority for our government,” mining minister Fernanda Avila said.
Staying in Argentina today, mining giant Glencore is in talks to back a lithium project in Argentina being developed by French miner Eramet SA.
A positive for both companies, Glencore is apparently negotiating an offtake agreement in exchange for helping to fund the construction of the lithium processing plant that Eramet and JV partner, Tsingshan Holding Group Co are building together.
It is unclear how much Glencore will invest, nor how much lithium it will receive in the agreement. Stay tuned to this one for further developments.
Here’s how Aussie lithium stocks are tracking:
| CODE | COMPANY | PRICE | % TODAY | MARKET CAP |
|---|---|---|---|---|
| KAI | Kairos Minerals Ltd | 0.03 | 58% | $41,497,776 |
| WC8 | Wildcat Resources | 0.17 | 42% | $79,861,719 |
| NVA | Nova Minerals Ltd | 0.355 | 22% | $61,158,088 |
| VKA | Viking Mines Ltd | 0.012 | 20% | $10,252,584 |
| IEC | Intra Energy Corp | 0.006 | 20% | $3,528,908 |
| ESS | Essential Metals Ltd | 0.4925 | 19% | $111,040,178 |
| INF | Infinity Lithium | 0.105 | 17% | $41,633,288 |
| RLC | Reedy Lagoon Corp. | 0.007 | 17% | $3,400,318 |
| BMM | Balkanminingandmin | 0.235 | 16% | $9,673,833 |
| TYX | Tyranna Res Ltd | 0.022 | 16% | $59,022,081 |
| TEM | Tempest Minerals | 0.015 | 15% | $6,588,681 |
| A8G | Australasian Metals | 0.13 | 13% | $5,993,857 |
| LM1 | Leeuwin Metals Ltd | 0.45 | 13% | $17,914,000 |
| AS2 | Askarimetalslimited | 0.32 | 12% | $19,457,079 |
| STM | Sunstone Metals Ltd | 0.029 | 12% | $80,131,607 |
| EMS | Eastern Metals | 0.06 | 11% | $3,593,151 |
| MQR | Marquee Resource Ltd | 0.05 | 11% | $14,881,838 |
| MNS | Magnis Energy Tech | 0.155 | 11% | $156,146,408 |
| NWM | Norwest Minerals | 0.053 | 10% | $13,326,456 |
| AX8 | Accelerate Resources | 0.022 | 10% | $7,592,035 |
| RGL | Riversgold | 0.0165 | 10% | $14,268,922 |
| GLN | Galan Lithium Ltd | 0.955 | 10% | $293,116,402 |
| CMD | Cassius Mining Ltd | 0.037 | 9% | $16,888,759 |
| TKM | Trek Metals Ltd | 0.1 | 9% | $40,382,948 |
| IMI | Infinitymining | 0.13 | 8% | $9,177,398 |
| LRS | Latin Resources Ltd | 0.345 | 8% | $824,878,292 |
| AGY | Argosy Minerals Ltd | 0.42 | 8% | $547,718,924 |
| SGQ | St George Min Ltd | 0.043 | 8% | $33,620,422 |
| LPM | Lithium Plus | 0.29 | 7% | $17,816,814 |
| MRR | Minrex Resources Ltd | 0.015 | 7% | $15,188,145 |
| YAR | Yari Minerals Ltd | 0.015 | 7% | $6,753,009 |
| WR1 | Winsome Resources | 1.745 | 7% | $264,841,613 |
| LEL | Lithenergy | 0.925 | 7% | $89,103,650 |
| FG1 | Flynngold | 0.064 | 7% | $8,153,744 |
| BNR | Bulletin Res Ltd | 0.065 | 7% | $17,909,057 |
| GW1 | Greenwing Resources | 0.245 | 7% | $34,479,248 |
| AZL | Arizona Lithium Ltd | 0.034 | 6% | $87,989,655 |
| LIS | Lisenergylimited | 0.255 | 6% | $39,819,405 |
| MM1 | Midasmineralsltd | 0.35 | 6% | $24,238,306 |
| DLI | Delta Lithium | 0.905 | 6% | $445,090,336 |
| FRS | Forrestaniaresources | 0.093 | 6% | $7,481,191 |
| ZNC | Zenith Minerals Ltd | 0.095 | 6% | $31,714,279 |
| CXO | Core Lithium | 0.9475 | 5% | $1,672,665,115 |
| QXR | Qx Resources Limited | 0.02 | 5% | $17,040,384 |
| GL1 | Globallith | 1.635 | 5% | $404,120,391 |
| ARN | Aldoro Resources | 0.11 | 5% | $14,114,493 |
| JRL | Jindalee Resources | 1.8275 | 5% | $100,126,296 |
| AM7 | Arcadia Minerals | 0.12 | 4% | $9,832,512 |
| MAN | Mandrake Res Ltd | 0.048 | 4% | $27,542,956 |
| SYA | Sayona Mining Ltd | 0.1825 | 4% | $1,756,849,154 |
| PLS | Pilbara Min Ltd | 5.085 | 4% | $14,661,136,782 |
| LLL | Leolithiumlimited | 1.1125 | 4% | $1,055,798,995 |
| PNN | Power Minerals Ltd | 0.4 | 4% | $28,156,699 |
| LPI | Lithium Pwr Int Ltd | 0.305 | 3% | $185,625,080 |
| LKE | Lake Resources | 0.31 | 3% | $426,733,412 |
| AKE | Allkem Limited | 16.54 | 3% | $10,215,282,538 |
| RAS | Ragusa Minerals Ltd | 0.067 | 3% | $9,268,921 |
| EG1 | Evergreenlithium | 0.34 | 3% | $18,555,900 |
| EMH | European Metals Hldg | 0.855 | 3% | $104,446,553 |
| CAI | Calidus Resources | 0.175 | 3% | $103,293,728 |
| PL3 | Patagonia Lithium | 0.185 | 3% | $8,820,630 |
| PLL | Piedmont Lithium Inc | 0.8725 | 3% | $325,424,625 |
| EMC | Everest Metals Corp | 0.195 | 3% | $24,592,291 |
| EMC | Everest Metals Corp | 0.195 | 3% | $24,592,291 |
| CRR | Critical Resources | 0.041 | 3% | $63,790,195 |
| AAJ | Aruma Resources Ltd | 0.044 | 2% | $8,436,680 |
| IGO | IGO Limited | 15.54 | 2% | $11,510,470,758 |
| G88 | Golden Mile Res Ltd | 0.054 | 2% | $17,457,644 |
| MIN | Mineral Resources. | 72.74 | 2% | $13,891,752,401 |
| PGD | Peregrine Gold | 0.28 | 2% | $15,428,218 |
| VUL | Vulcan Energy | 4.26 | 2% | $701,134,911 |
| GT1 | Greentechnology | 0.74 | 1% | $155,473,592 |
| WES | Wesfarmers Limited | 50 | 1% | $55,951,186,447 |
| AZI | Altamin Limited | 0.079 | 1% | $30,553,907 |
| LTR | Liontown Resources | 2.86 | 1% | $6,227,359,702 |
| RIO | Rio Tinto Limited | 115.54 | 1% | $42,574,787,584 |
| ADV | Ardiden Ltd | 0.007 | 0% | $18,818,347 |
| AML | Aeon Metals Ltd. | 0.015 | 0% | $16,446,009 |
| ASN | Anson Resources Ltd | 0.155 | 0% | $193,234,016 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | $2,752,409,203 |
| EUR | European Lithium Ltd | 0.1 | 0% | $149,423,918 |
| QPM | Queensland Pacific | 0.1 | 0% | $174,634,792 |
| TKL | Traka Resources | 0.006 | 0% | $5,227,976 |
| NMT | Neometals Ltd | 0.495 | 0% | $273,606,882 |
| BYH | Bryah Resources Ltd | 0.016 | 0% | $5,465,991 |
| MMC | Mitremining | 0.3 | 0% | $11,470,530 |
| CTN | Catalina Resources | 0.003 | 0% | $3,715,461 |
| TMB | Tambourahmetals | 0.0905 | 0% | $3,727,930 |
| WCN | White Cliff Min Ltd | 0.007 | 0% | $7,369,963 |
| WML | Woomera Mining Ltd | 0.014 | 0% | $13,386,257 |
| KGD | Kula Gold Limited | 0.017 | 0% | $6,344,603 |
| KZR | Kalamazoo Resources | 0.115 | 0% | $17,676,730 |
| ENT | Enterprise Metals | 0.004 | 0% | $2,917,884 |
| AVW | Avira Resources Ltd | 0.002 | 0% | $4,267,580 |
| EFE | Eastern Resources | 0.01 | 0% | $12,419,465 |
| SRZ | Stellar Resources | 0.013 | 0% | $13,077,535 |
| LSR | Lodestar Minerals | 0.004 | 0% | $7,373,589 |
| AOA | Ausmon Resorces | 0.0035 | 0% | $3,392,513 |
| SRI | Sipa Resources Ltd | 0.02 | 0% | $4,563,163 |
| VMC | Venus Metals Cor Ltd | 0.19 | 0% | $34,471,450 |
| EVR | Ev Resources Ltd | 0.013 | 0% | $12,167,793 |
| THR | Thor Energy PLC | 0.004 | 0% | $5,840,051 |
| MXR | Maximus Resources | 0.03 | 0% | $9,571,673 |
| DRE | Dreadnought Resources Ltd | 0.052 | 0% | $173,041,867 |
| M2R | Miramar | 0.035 | 0% | $3,235,365 |
| LLI | Loyal Lithium Ltd | 0.32 | 0% | $19,036,800 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | $74,238,031 |
| ALY | Alchemy Resource Ltd | 0.016 | 0% | $18,849,220 |
| KTA | Krakatoa Resources | 0.024 | 0% | $8,721,038 |
| DAF | Discovery Alaska Ltd | 0.028 | 0% | $6,558,572 |
| FTL | Firetail Resources | 0.11 | 0% | $8,470,000 |
| IR1 | Irismetals | 1.7 | 0% | $135,541,000 |
| LNR | Lanthanein Resources | 0.015 | 0% | $16,823,634 |
| TUL | Tulla Resources | 0.35 | 0% | $118,262,971 |
| OCN | Oceanalithiumlimited | 0.39 | 0% | $15,278,835 |
| LLO | Lion One Metals Ltd | 0.79 | 0% | $10,414,447 |
| RMX | Red Mount Min Ltd | 0.004 | 0% | $9,087,404 |
| ENT | Enterprise Metals | 0.004 | 0% | $2,917,884 |
| FIN | FIN Resources Ltd | 0.014 | 0% | $8,659,495 |
| DTM | Dart Mining NL | 0.041 | 0% | $7,063,776 |
| FBM | Future Battery | 0.12 | 0% | $51,341,416 |
| XTC | Xantippe Res Ltd | 0.002 | 0% | $22,960,199 |
| VSR | Voltaic Strategic | 0.088 | -1% | $32,881,739 |
| PAT | Patriot Lithium | 0.265 | -2% | $16,574,626 |
| RAG | Ragnar Metals Ltd | 0.0255 | -2% | $9,858,807 |
| GSM | Golden State Mining | 0.044 | -2% | $6,491,889 |
| MLS | Metals Australia | 0.033 | -3% | $21,217,230 |
| TON | Triton Min Ltd | 0.033 | -3% | $53,086,091 |
| LIT | Lithium Australia | 0.032 | -3% | $40,299,325 |
| AUN | Aurumin | 0.03 | -3% | $8,499,253 |
| KOB | Kobaresourceslimited | 0.15 | -3% | $16,339,583 |
| LRV | Larvottoresources | 0.13 | -4% | $9,079,387 |
| DAL | Dalaroometalsltd | 0.077 | -4% | $3,466,000 |
| LRD | Lordresourceslimited | 0.086 | -4% | $3,341,891 |
| ZEO | Zeotech Limited | 0.043 | -4% | $76,766,538 |
| LRD | Lordresourceslimited | 0.086 | -4% | $3,341,891 |
| LPD | Lepidico Ltd | 0.0105 | -5% | $84,021,363 |
| A11 | Atlantic Lithium | 0.52 | -5% | $332,036,705 |
| MTM | MTM Critical Metals | 0.1 | -5% | $9,277,543 |
| CY5 | Cygnus Metals Ltd | 0.26 | -5% | $58,888,696 |
| INR | Ioneer Ltd | 0.32 | -6% | $713,435,011 |
| PSC | Prospect Res Ltd | 0.15 | -6% | $73,961,514 |
| EPM | Eclipse Metals | 0.015 | -6% | $32,448,957 |
| REC | Rechargemetals | 0.345 | -7% | $39,066,255 |
| NIS | Nickelsearch | 0.055 | -7% | $5,620,362 |
| SCN | Scorpion Minerals | 0.082 | -7% | $30,422,145 |
| PAM | Pan Asia Metals | 0.2 | -9% | $34,158,587 |
| IPT | Impact Minerals | 0.0125 | -11% | $39,825,854 |
| 1MC | Morella Corporation | 0.007 | -13% | $48,788,644 |
| BUR | Burleyminerals | 0.2 | -13% | $17,162,555 |
| CHR | Charger Metals | 0.39 | -22% | $24,482,184 |
38 lithium stocks leapt in price today, 66 broke even and 45 dipped.
WHO’S GOT NEWS OUT?
Here’s a selection of today’s lithium movers and shakers.
CHR has been busy drilling the Enterprise target, part of its Bynoe lithium project near Darwin in the NT.
First pass RC drilling intersected “encouraging” spodumene bearing pegmatites, prompting the company to ramp up exploration.
Enterprise is ~900m along strike from Core Lithium’s (ASX:CXO) Blackbeard prospect at the 30.6Mt Finniss Lithium project.
Charger drilled 10 RC holes for 1,663m at Enterprise, on top of 14 holes for 2,045m at the Megabucks and Old Bucks prospects nearby. Intial assays are due in 4-5 weeks.
“The company will now proceed to ramp up exploration to the next phase, with a diamond rig commencing this week to test for down-plunge extensions to the intersected pegmatites at Enterprise,” CHR managing director Aidan Platel says.
“This is an important step as we have seen from Core’s spodumene deposits in the region that the spodumene content has the potential to increase with depth,” he says.
“A further ~5,000m of RC drilling is also scheduled to begin next week to test both new and existing lithium targets at Bynoe, including the high-priority 7Up prospect.”
Poor assay results for the first seven drill-holes completed at Megabucks — which encountered no economic lithium grades — saw the stock sold down Monday.
No news today, but there will be pretty soon. Wildcat is quickly becoming a market darling for 2023, constantly punching out good news to the market as it proves up the surrounds of the historical Tabba Tabba lithium-tantalum mine – a project which WA lithium giant Pilbara Minerals (ASX:PLS) owned back in 2015.
The company said recently that maiden drilling will start this month. Previous hits from PLS included 8m @ 1.42% Li2O from 4m – which Wildcat is eager to follow up.
WC8 also recently bought out the remaining 33% interest at its Pilgangoora North lithium project in the Pilbara from Mining Equities for $200,000 worth of WC8 shares.
